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Correction to $850-920 essential for keeping the uptrend healthy- Price is overextended and investors are treating NASDAQ:COST as the growth stock than a safe quality stock. Price/Earnings ratio is around 60 which his historical high on the other hand the company is growing single digits. - With wage growth stalling and with uncertain macro, it's unlikely that majority of people will stock groceries for a month in advanced. Many folks are shopping weekly/bi-weekly from Walmart instead.
NASDAQ:COSTShort
by bigbull037
Buy or Sell PLTR?Overview Palantir ( NASDAQ:PLTR ) is a software company involved in data analytics and operations management. Its primary revenue is generated by subscriptions and government contracts. PLTR has been making headlines as a growth stock so the question remains, is it too late to get in on the action? The truth is that nobody knows so this is where the savvy investors will shine. Fundamental Analysis The stock is overvalued with a Price-to-Earnings (P/E) ratio of approximately 494. A massive P/E ratio tells you one of two things: (1) the stock is overweight and due for a correction or (2) there are high expectations for strong growth. The P/E ratio isn't the end all be all, but it's worth knowing to get a pulse on market sentiments. YTD (EPS) Earnings-Per-Share: $390,982,000 / 2,459,589,000 = $0.16 (Q3 Nine Months Ended Net Income) / (Q3 Total Diluted Shares) = YTD EPS P/E Ratio: 79.08 / 0.16 = 494.25 (Current Market Price) / (EPS) = P/E Ratio This could be an exciting time to invest in PLTR, but precautions should be taken in the event that the Q4 Annual Report falls short of expectations and sends the share price barreling downwards. Expectations vary per analyst but here is what I would like to see on the next Earnings Release on Feb 12, 2025: 2024 Annual Revenue (approx): $2.9B (+30.34%) 2024 Annual Basic EPS (approx): $0.20 (+100.00%) Q4 Revenue (approx): $849M (+17.02%) Q4 Basic EPS (approx): $0.09 (+28.57%) Since 2020, Palantir has experienced an average annual growth rate of 89.05% and became a profitable company in Q1 of 2023 (earnings released May 9, 2023). The share price has grown tenfold since then. If Palantir can maintain profitability and reliable growth, then the rally is probably far from being over. Technical Analysis There are no reliable technical patterns that can provide trading confidence at this moment. In times like this, I feel that less is more. I am only utilizing Fibonacci retracement levels and drawing basic support lines to dictate the depth of potential corrections. The use of oscillators such as MACD and RSI seem like they may prove to be more misleading than helpful. Scenario 1: If the share price continues to rally, then my short-term price target would be between $111 & $123 before I would expect to see any resistance. In the event mixed sentiments continue then Support 1 (white line) may not see the bulls taking control again until the price drops around $76.50. The 78.6% Fib level rests at $75.31 so any further drops from this price level would leave me hopeful of a strong support around $63. Scenario 2: If Support 1 fails entirely then Support 2 (yellow line) would likely contain the next significant support level. The share price could drop to as low as the mid 50s where there is a 50% Fib level. Potential Trading Strategies Getting a pulse on the market and financial health of a public company goes a long way to provide confidence, however, it's not airtight. A poor earnings release or unexpected bad news could deteriorate an investment in a short amount of time. Rather than staying out when in doubt, I've always enjoyed safely expanding my experience and awareness of available tools. Stop-Loss Limit Orders If I don't feel like supplementing my investment with derivatives then I place a stop-loss limit order to execute at whichever price level shakes my confidence. If the share price hits my stop-loss level then the next condition that needs to be met is my limit price. If the stop-loss was activated and the share price remains above my limit price, then it will automatically try to sell all of my specified shares at my limit price or higher. Protective Puts: Options contracts can be very intimidating for investors that aren't familiar with them. However, knowledge is power and options contracts can be very beneficial when used correctly. Whenever I buy shares in a company that I think is going to grow, but contradicts my impression of market direction, then I buy Protective Puts to shield my investment and give me peace of mind. This can either complement stop-loss orders or provide me the confidence to withstand turbulent price fluctuations without the risk of exiting my positions prematurely in the event that a stop-loss would become activated. Cash-Secured Puts: I'm new to writing contracts but I can see the allure. If I'm not confident that a share price is about to rally, or if I think that it may dip significantly, then I would consider a dollar-cost averaging strategy. My initial shares purchase would be a fraction of my available funds with the intentions of exposing my portfolio should the stock rally sooner than expected. In the meantime, I would write/sell Put contracts at strike price levels that I am both capable and comfortable of purchasing 100 shares per contract at. This strategy minimizes my exposure to gains and losses, while allowing me to collect premiums. If those Cash-Secured Puts were exercised, then I would purchase 100 shares per contract at the contracts' strike price(s). This would effectively lower my cost-basis. If those contracts expire worthless then I get to keep the premium and my cash is freed up. If the stock begins to rally and I want to bail on my contract obligations so that I can get in on it, then I can buy-to-close the Puts at their lowered price and keep the difference as profits.
NASDAQ:PLTRLong
by Shepherd_Investor
1
CELH Buy Setup - 1/27 R:R Opportunity at Strong SupportCelsius Holdings NASDAQ:CELH is presenting an excellent long opportunity. The price is currently at a strong support level, aligning with a bullish trendline that has guided the stock upward in the bigger picture. Recently, a bullish engulfing pattern has formed, signaling a potential reversal, which is occurring in a sweet zone where many traders were shaken out of the market. This has been confirmed by a noticeable increase in volume, further indicating that the buying pressure is returning. The setup offers a fantastic risk-to-reward ratio of 1:27, with the next key level being the all-time high (ATH), which is not far away. This suggests significant upside potential if the support holds.
NASDAQ:CELHLong
by PattRec
Crucial Moment for XOMThere was a substantial up-trend since Oct. 2020. This trend ended at about $100. Price increased to $127 but has since fallen to $106. There was resistance at $105 in 2014 and this is a key level again. Price is currently $106 and $105 is support. This is a crucial moment the stock given there is not a well-defined up-trend now, and price is so close to support. Also, volume has been decreasing during the up-trend since 2020 which indicates the trend is losing pressure to maintain it. Going long now is o.k., but a stop should be used at $104 which is just below support. If price falls below $105, the stock can be shorted down to support at $95. See three highlighted areas. This is a 10% drop from $106. This is not investment advice.
NYSE:XOM
by awoodTC
GME Update with my Strategy Code —- > THIS IS NOT A FINANCIAL ADVICES <—— Hi everyone, in the past months I have just finished my strategy code and now I do some testing with a great trading tool ( Trading View ). The strategy until today did not give the signal to sell in GME, in fact and seams this stock going to the moon. We can see from the graph there is a high volume between 20$-30$ with high high resistance in 31$ like what we saw last night the drop from 31$ to 28$, let us see in the coming weeks maybe days… Thank you
NYSE:GMELong
by sharbi68790
1
UBS offers a great trading opportunity (+10% returns)🟢 UBS offers a great trading opportunity (+10% returns) UBS is offering today a 10% returns or more opportunity risking just 2% in the deal. Furthermore, UBS has multiple patterns supporting this. As a bonus point, I will explain how to do this trade RISK-FREE. ✅ What pattern is unfolding in UBS? UBS formed few weeks ago a triangle as a continuation pattern. After the break of the pattern UBS returned a 6% in 1 month . Now we are in a pullback to the previous resistance level of the pattern, which is now a support. Here, we have the chance to buy, use a tight stop loss under the support line of the previous triangle (green) and under the previous minimum done few days ago. 💰 How to trade this chart pattern? Buy near the support green line with a tight stop loss, probably around 2%. You can potentially earn more than 10% if the pullback to the pattern works. If the trade falls under the blue line, we will enter an important bear market in UBS, but if that happen you would have done a SL of 2% and you will be ready to trade a SHORT with a massive and fast return. 🛡️ The risk management strategy As we have done in so many previous ideas, remember you can split the position in 2. - 50% of the position in a take profits as large as your stop loss (adapt SL and this 1st TP to local supports/resistance levels). In this case, a 2% (see the chart) - 50% of the position to a price as large as the previous pattern, which would mean a profit of 15 to 20%. Anyway, to increase our chances to arrive to the second TP, we recommend using a 10% take profits. The second TP is less likely to happen, but as soon as the first one has been reached (extremely high probability), this becomes a RISK-FREE TRADE. ✴️ ENJOY AND FOLLOW for more 😊
NYSE:UBSLong
by TopChartPatterns
TKC Connecting the DotsTurkcell (TKC) is building strong bullish momentum, with a gap forming around the $6.25 level. A breakout above the $6.94 resistance would signal further strength, positioning the stock to target the $8.46 monthly resistance. This setup offers an attractive risk-to-reward ratio, with downside risk managed via a stop-loss at $5.91. As a leading telecommunications provider, Turkcell benefits from its dominant position in the Turkish market and its diversified revenue streams, including mobile, fixed-line, and digital services. With increasing demand for data and digital transformation in emerging markets, Turkcell’s innovative approach to expanding its product offerings strengthens its growth potential. This combination of technical momentum and favorable market fundamentals supports a bullish push toward $8.46, presenting a compelling opportunity for traders and investors alike. NYSE:TKC
NYSE:TKCLong
by The_Trading_Mechanic
Easy Play on ARMToday, we have our easy play on ARM. As you may have seen from my ideas, they always hit the mark. Whether it's skill or luck, we may never know. However, Tesla, ASML, Apple (twice), Nvidia, JD.com, and the Hang Seng have brought us great satisfaction this year. But the winner is SMCI (Super Micro Computer), which gave us an 80% gain in short and a 160% gain in long positions. My ideas were the only ones on TradingView that truly thought outside the box. With ARM, we'll do the same: keeping it simple. It’s forming a symmetrical triangle both on price and on OBV and RSI. We'll buy at a steep discount and sell when everyone else is buying at the highs. Stay tuned for updates on ARM—if I think the idea is no longer valid, I'll cancel the trade! For daily updates, you can subscribe to my Patreon!
NASDAQ:ARMLong
by TheAverageTrader00
3
Johnson & Johnson Analysis | UpdatedIn this case of Johnson & Johnson (JNJ) stock, it is at a sensitive point where support from a descending channel on the daily chart is being challenged. This level can be a turning point for the stock and if the level holds, then there is a possibility of the stock rising to the $155 – $157 range as shown by the potential target. There are some technical indicators which show that the downtrend is weakening and there is a possibility of the prices turning around in the near future as the MACD depicts a bullish divergence while the RSI shows that the prices are in the oversold region. Also, volume will be a major tool in determining the validity of the reversal. Thus, if the stock goes up, the volume should increase substantially, which would increase the probability of the stock reaching the channel’s upper edge. From the macroeconomic perspective, the current Fed Funds interest rate and the negative Sharpe Ratio suggest that the market is becoming more cautious, which, however, does not rule out the possibility of the stock movements similar to those of JNJ. This is a make-or-break time for the asset. If support continues to hold and there are other signs of a reversal such as patterns or higher volumes then JNJ can experience a substantial change in trend.
NYSE:JNJShort
by Gui_Cabral
PERF Stock Analysis – Trendline Break and Retest ObserveThe price of Perfect Corp has recently broken a key trendline with a strong bullish candle accompanied by a gap and high volume, signaling strong momentum. The stock is currently retesting the breakout level, which could confirm the strength of this movement. If the price holds above the retest area, there is a strong likelihood of a further upward move. Traders should monitor the price action and volume dynamics closely for confirmation of continued bullish momentum. This setup is relevant for those focusing on trendline breakouts, gap trading strategies, and volume-based analysis. This is my personal analysis and opinion, not a recommendation to buy or sell.
NYSE:PERFLong
by omossa
Possible wave counts of chart NVIDIA dip now then upHello Friends, Today we have plotted Elliott wave counts on NVIDIA Corporations chart Technical Analysis Case study, In this study we used Elliott Wave Theory & Structures, it involves multiple possibilities, and the analysis presented focuses on one potential scenario. The provided information is for educational purposes only, not trading advice. There's a risk of being completely wrong, and users are warned not to trade or invest solely based on this study. The content is not an advisory and does not guarantee profits, We are not responsible for any kind of profits and losses; individuals should consult a financial advisor before making any trading or investment decisions. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NASDAQ:NVDA
by RK_Chaarts
NVDA Near Pivotal Levels! Key Price Action Dec. 31Technical Analysis for NVDA * NVDA is trading near the descending wedge pattern, showing potential for a breakout or retest. The key range for the day is $137 to $141. * Indicators: * The MACD is slightly bullish, signaling possible momentum. * The 9 EMA and 21 EMA are converging, indicating a potential breakout or breakdown in volatility. Key Levels to Watch * Support: $132 (critical demand zone), $126.35 (strong floor). * Resistance: $141 (gamma wall and psychological level), $150 (next major gamma resistance). GEX Analysis for Options * Gamma Levels: * Call Walls: $141 and $150 serve as key resistance. * Put Walls: $132 and $130 act as strong support zones. * Options Oscillator Insights: * IVR: 20.7, showing relatively low implied volatility. * Call/Put Ratio: Neutral to slightly bullish, with 20.1% Calls. * GEX: -10.18% at $132, indicating significant put-side support. Trading Scenarios 1. Bullish Scenario * Entry: Above $140. * Target 1: $145, Target 2: $150. * Stop-Loss: Below $138. 2. Bearish Scenario * Entry: Below $132. * Target 1: $130, Target 2: $126. * Stop-Loss: Above $135. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your due diligence and manage risks before trading.
NASDAQ:NVDA
by BullBearInsights
TSLA Testing Key Gamma Levels! Critical Options and Price ActionTechnical Analysis for TSLA * TSLA is trading within a descending channel but showing early signs of consolidation at $423.50. The stock has found short-term support near $410, with resistance levels around $438 and $460. * Indicators: * The MACD indicates potential bullish divergence, hinting at upward momentum. * The 9 EMA and 21 EMA are narrowing, suggesting possible price stabilization or reversal. Key Levels to Watch * Support: $410 (strong demand zone). * Resistance: $438 (near-term), $460 (next gamma resistance). GEX Analysis for Options * Gamma Walls: * Positive Gamma Resistance at $460 and $488, indicating strong call wall resistance. * Negative Gamma Support near $410 and $400, serving as a floor for price action. * Options Oscillator Insights: * IVR: 74.3, showing elevated implied volatility levels. * Call/Put Ratio: Bullish bias at 88.1% Calls. * GEX: -19.63%, leaning towards bearish gamma pressure, which could limit upside moves but stabilize near support. Trading Scenarios 1. Bullish Scenario * Entry: Above $425. * Target 1: $438, Target 2: $460. * Stop-Loss: Below $415. 2. Bearish Scenario * Entry: Below $410. * Target 1: $400. * Stop-Loss: Above $420. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your due diligence and manage risks before trading.
NASDAQ:TSLA
by BullBearInsights
OXY: Questionable Financials and Bearish Chart PatternOXY has o.k. financials but not great: PE: 12.65 Current ratio: 1.00x (below 1.20x is bad) Quick ratio: 0.76x (below 1.00x is bad) The EBITDA margin is really strong at 52% and consistently strong over the years. However, its free cash flow varies between significantly negative and positive. $28 billion in debt $2 billion in cash (low compared to the debt level) 1.82% dividend yield (not very attractive for a company that's been around since 1920 and in this industry) $5 billion free cash flow The company isn't accumulating cash - it's going to debt service and capital expenditures primarily. The chart pattern doesn't look to have any upside. There's a down-trend since 2011. There's also a down trend since April 2024. An up-trend since a low of $9 has been broken. Price is currently $48. I'd personally be a buyer at $9. This is not investment advice.
NYSE:OXYShort
by awoodTC